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Life and Disability Insurance

Insurance Covers Available

This policy provides a tax-free lump sum benefit of 3 times salary in the event of death. Cover ceases at age 70. Built into the life cover is a terminal illness benefit.

Terminal Illness Benefit: There is an advance payment of the life cover in the event the member is not expected to live beyond 12 months.

Automatic Acceptance Limit: $1,100,000

This policy provides a monthly benefit (taxable) if you are temporarily or permanently disabled through sickness or accident. Cover ceases at age 65, whilst a member of the policy.

Cover is 75% of your annual base salary, with a 13 week wait period and a benefit period of 2 years.

Automatic Acceptance Limit: $132,000

This policy provides a tax-free lump sum payment of $20,000 on medical diagnosis of one of the medical conditions listed on the policy. Cover ceases at age 65, whilst a member of the policy.

Your Life insurance cover will reduce by the amount of any critical illness claim payment.

Automatic Acceptance Limit: $20,000

Get direct access to the world's leading medical specialists from the comfort of your own home. 

If you or a member of your family faces an illness, injury or medical condition, Best Doctors will collect your medical records and arrange for a top international expert to review your case (including mental health support).

For more information visit, BestDoctors.com/new-zealand .

 

Eligibility

Life & Disability Insurance (Life, Income Protection and Critical Illness Insurance)

Permanent employees working a minimum of 30 hours per week.

Aged between 16-70 years – Life Insurance or aged 16-65 for Income protection and Critical Illness.

 

New Employees

Life & Disability Insurance (Life, Income Protection and Critical Illness Insurance)

Eligible new employees join automatically, without the need for any medical declarations up to the automatic limits.

 

Top Up Options

Life & Disability Insurance (Life, Income Protection and Critical Illness Insurance)

All eligible employees have the limited opportunity to increase their benefits, at their own cost. The rates are discounted and there is NO medical assessment – this is an amazing opportunity to take additional cover*.

  • You can select additional Life cover of $50,000, $100,000, or $150,000.
  • You can add $5,000 or $10,000 of Critical Illness, and/or
  • You can extend your Income Protection benefit period to 5 years.

New employees may also select these top-up options during their first 30 days of employment at concessionary rates, and without medical declarations*.  

*Cover limits apply.